MADER GROUP LIMITED (MAD)
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MAD

MAD - MADER GROUP LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 0.08
Index: ALL-ORDS

Mader Group supplies skilled technicians and maintenance services for mining, energy and industrial equipment, including repairs, overhauls and ongoing support in Australia and international markets.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.77

02 Nov
2026

0.090

OPEN

$5.69

1.58%

HIGH

$5.91

1,187,828

LOW

$5.61

TARGET
$9.15 58.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RKT . SGH . SRG . SXE . TEA . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MAD: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 32.2 34.6 xxx
DPS (cps) xxx 0.0 5.8 xxx
EPS Growth xxx 13.5% 7.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.5 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx N/A 16.6% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/09 - ex-div 4.80c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic 9.714.019.325.228.432.2
DPS All 3.04.05.87.88.80.0
Sales/Revenue 304.3 M402.1 M608.8 M774.5 M872.2 M1,001.1 M
Book Value Per Share 30.342.559.880.2105.2131.5
Net Operating Cash Flow 16.2 M35.4 M41.1 M68.7 M76.8 M85.0 M
Net Profit Margin 6.36 %6.95 %6.33 %6.51 %6.55 %6.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed 35.56 %38.37 %37.64 %36.02 %30.67 %27.25 %
Return on Invested Capital 29.02 %31.76 %28.35 %26.62 %25.57 %25.79 %
Return on Assets 17.33 %18.91 %18.09 %17.07 %16.69 %17.73 %
Return on Equity 35.56 %38.37 %37.64 %36.02 %30.67 %27.25 %
Return on Total Capital 31.78 %32.04 %35.87 %34.93 %33.29 %34.73 %
Free Cash Flow ex dividends -1.1 M-11.1 M-15.2 M13.7 M26.5 M47.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt 20 M22 M16 M19 M16 M5 M
Long Term Debt 11 M19 M48 M51 M23 M4 M
Total Debt 31 M42 M64 M70 M39 M9 M
Goodwill - Gross ------
Cash & Equivalents - Generic 3 M7 M13 M30 M24 M39 M
Price To Book Value 2.806.269.537.856.406.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex 11.2 M39.5 M47.5 M40.7 M34.1 M27.4 M
Capex % of Sales 3.69 %9.81 %7.81 %5.25 %3.91 %2.74 %
Cost of Goods Sold 246 M323 M473 M612 M704 M805 M
Selling, General & Admin. Exp & Other 32 M44 M80 M90 M88 M104 M
Research & Development ------
Investments - Total 5 M0 M0 M0 M0 M0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

26/08/2026

1

Buy

$8.30

43.85%

Bell Potter maintains its Buy recommendation for Mader Group with its target price decreased to $8.30 from $9.70 following an FY26 financial result featuring net profit after tax of $65.4m, which increased 15% year-on-year.

Operational performance was supported by group revenue reaching $1,001m, up 15% year-on-year, driven by robust contributions across Australian and North American divisions.

FY27-FY29 EPS forecasts are adjusted downward by -2%-7% to account for $4.0m of incremental operating costs and a higher weighted average cost of capital of 9.4%.

The analyst highlights that management's updated five-year growth plan targets an annual earnings per share growth rate of 15%, underpinned by organic expansion and complementary strategic mergers and acquisitions.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 34.30 cents.
Bell Potter forecasts a full year FY28 dividend of 12.20 cents and EPS of 38.60 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

27/08/2026

1

Upgrade to Buy from Hold

$8.27

43.33%

Moelis moves its rating for Mader Group to Buy, with its target price decreased to $8.27, following an FY26 earnings result that achieved $1bn in revenue and $65m in net profit after tax, successfully delivering Strategic Plan One milestones.

Operational performance features strong 16% growth in the Australian segment alongside a 12% increase in North America, supported by a group headcount exceeding 4,500 employees.

FY27-FY29 EPS forecasts are revised to 34.0c, 38.1c, and 42.5c respectively, reflecting initial guidance and strategic deliverables.

The analyst highlights that net cash inflection provides balance sheet flexibility for further organic and inorganic growth opportunities, including an initial push into the defence sector.

FORECAST
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 34.00 cents.
Moelis forecasts a full year FY28 dividend of 5.70 cents and EPS of 38.10 cents.
Access Extra Coverage Research History >

MAD STOCK CHART

FNArena News on MAD

1
Contractors Setting For Rising Future Demand

Sep 16 2026 - Australia
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-08-26

Aug 28 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 27, 2026

Aug 27 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 26-08-2026

Aug 26 2026 - Australia
5
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Mar 12 2026 - Commodities

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